- H.J. Heinz Co. is cutting 600 jobs in the U.S. and Canada, 350 of which are in Pittsburgh.
- Berkshire Hathaway and 3G Capital acquired the company for $28 billion at the beginning of June, and the layoffs—which will leave 800 employees in Pittsburgh and 6,000 across North America—are part of the reorganization to a private company.
- The company's headquarters will remain in Pittsburgh, with most employees being moved to the company's One PPG Place offices.
From the article:
... “As part of our transition to a private company, the senior leadership team has examined every piece of our business to better position Heinz for accelerated growth in a very competitive global market,"Michael Mullen, senior vice president of corporate and government affairs, said in an email. "After a comprehensive evaluation process, the company has developed a new, streamlined structure for Heinz North America. Unfortunately, this process resulted in a number of difficult but necessary organizational changes…We regret the impact this has on Heinz employees and their families." ...